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>> you would amend the bankruptcy laws and say this company is up for bid -- >> when have you a u.s. taxpayer stake in it, this is a different animal and it has to be handled differently. and that's just common sense. >> what is the lesser evil? having people lose their jobs? >> we have to look beyond the edge of our noses here. we have to look longer term than this. we have to think more than about the jobs. i feel for the workers but larger considerations are at stake. that's why we have a government. >> i think at the end of the day not all chinese companies are bad. >> i'm not saying that. but you know what? no reason to take this risk, none. >> alan, it is a great debate. thank you, phil, for your point as well. >> sure. thank you. >> coming up, headlines between hp's big news. >> one police department says they could get you killed. seriously. we're not kidding here. also from my homeland, australius a traila /* australia. or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can
>> you would amend the bankruptcy laws and say this company is up for bid -- >> when have you a u.s. taxpayer stake in it, this is a different animal and it has to be handled differently. and that's just common sense. >> what is the lesser evil? having people lose their jobs? >> we have to look beyond the edge of our noses here. we have to look longer term than this. we have to think more than about the jobs. i feel for the workers but larger considerations are at stake....
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Dec 9, 2012
12/12
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the law of large numbers has just kicked in here and i think investors are going to have to get used to a 10% grower. trading at ten times. >> the question is it now priced accordingly or is there more down side because it should anticipate earnings growth? >> i think what you are seeing is selling pressure. i don't know that it is unreasonably priced based on fundamentals here. one thing that is really unusual is how volatile the stock is. when you consider there's $120 billion on this company's balance sheet. you wouldn't expect to see it moving at a 40% annualized volatility. having 2, 3, 5% moves. it is really elevated the options premium. i look at the stock and think where this stock is concerned i would not use options to make directional bets. i would want to be short options in apple at this point. >> using short option positions to take a directional bet. you have to define a risk because mike is absolutely right. this thing has really fought around. on wednesday it lost more market cap than 420 of the names in the s&p 500. it really had a run here to the down side. i don't
the law of large numbers has just kicked in here and i think investors are going to have to get used to a 10% grower. trading at ten times. >> the question is it now priced accordingly or is there more down side because it should anticipate earnings growth? >> i think what you are seeing is selling pressure. i don't know that it is unreasonably priced based on fundamentals here. one thing that is really unusual is how volatile the stock is. when you consider there's $120 billion on...
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. >> reporter: he has a national reputation for aggressive enforcement of illegal immigration laws. he figured since he was coming to town he offered to come out to the middle school and talk to the students or at least the teachers or the principal. >> i'm concerned about parents given the wrong message to their kids even teachers in schools. because in class had to be controlled by a teacher. >> reporter: arpaio says the meeting today was suddenly cancelled by school officials he doesn't know why but he never believed the letters were from the children it was orchestrated effort by teacher or teachers to turn children against him. he doesn't mind being known as the sheriff who made inmates wear pink underwear or work on chain s but he doesn't want the -- gangs, but he didn't want the kids to think of him for something he never did. rereceived e-mail from the school saying the problem was scheduling and they would like sheriff arpaio to write them a letter so it could be read to the students in class. the sheriff says he's available this afternoon, tonight to midnight if necessary
. >> reporter: he has a national reputation for aggressive enforcement of illegal immigration laws. he figured since he was coming to town he offered to come out to the middle school and talk to the students or at least the teachers or the principal. >> i'm concerned about parents given the wrong message to their kids even teachers in schools. because in class had to be controlled by a teacher. >> reporter: arpaio says the meeting today was suddenly cancelled by school...
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by next month a similar law will go into effect in colorado. but all those big plans could go up in smoke because of federal law. the justice department says it's studying the situation here in washington but the feds have warned residents of the state that under federal law all marijuana use is illegal. >> well, if you've ever bashed a business online, beware. those nasty comments could cost you. a virginia woman got slapped with a $700,000 lawsuit for criticizing her contractor. her scathing reviews on angies list and yelp included pictures of the jobs. when she suggested that he also stole her jewelry, then she crossed line. he fired back with a $700,000 defamation lawsuit. >> i think we presented evidence the work was not completed, he charged for work that had not been done and that the workmanship was very door. >> i believe people should have the right to state how they feel, but when you state stuff as fact and it's not fact, there has to be some type of for lack of better words, punishment. >> this week a judge ordered the woman to rem
by next month a similar law will go into effect in colorado. but all those big plans could go up in smoke because of federal law. the justice department says it's studying the situation here in washington but the feds have warned residents of the state that under federal law all marijuana use is illegal. >> well, if you've ever bashed a business online, beware. those nasty comments could cost you. a virginia woman got slapped with a $700,000 lawsuit for criticizing her contractor. her...
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in colorado, the governor has yet to sign the pot law voters passed there. democratic congressman told us before the election they have to figure out what this means in terms of whether the military might come in or how they're going to do this whole thing between the feds and the state. since the election, he's co-sponsored a bill in congress to ban the federal government from interfering with state laws on marijuana. the bill has bipartisan support. there are pot-related stocks, guys. the biggest is med box, which makes pot vendsing machines. market cap of $300 million. look what happened after the election. the stock is up over 1,000% since going up in august. take that, facebook. >> well said, jane. thank you very much. all right. so could legalizing marijuana help dig us out of our financial hole? let us bring in the executive director of the national organization for the reform of marijuana laws, known better has normal. any input into the financial benefits of the impact of tax revenue and the benefit of simply putting fewer people into jail for carry
in colorado, the governor has yet to sign the pot law voters passed there. democratic congressman told us before the election they have to figure out what this means in terms of whether the military might come in or how they're going to do this whole thing between the feds and the state. since the election, he's co-sponsored a bill in congress to ban the federal government from interfering with state laws on marijuana. the bill has bipartisan support. there are pot-related stocks, guys. the...
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. >> reporter: he has a national reputation for aggressive enforcement of illegal immigration laws. he figured since he was coming to town he offered to come out to the middle school and talk to the students or at least the teachers or the principal. >> i'm concerned about parents given the wrong message to their kids even teachers in schools. because in class had to be controlled by a teacher. >> reporter: arpaio says the meeting today was suddenly cancelled by school officials he doesn't know why but he never believed the letters were from the children it was orchestrated effort by teacher or teachers to turn children against him. he doesn't mind being known as the sheriff who made inmates wear pink underwear or work on chain s but he doesn't want the -- gangs, but he didn't want the kids to think of him for something he never did. rereceived e-mail from the school saying the problem was scheduling and they would like sheriff arpaio to write them a letter so it could be read to the students in class. the sheriff says he's available this afternoon, tonight to midnight if necessary
. >> reporter: he has a national reputation for aggressive enforcement of illegal immigration laws. he figured since he was coming to town he offered to come out to the middle school and talk to the students or at least the teachers or the principal. >> i'm concerned about parents given the wrong message to their kids even teachers in schools. because in class had to be controlled by a teacher. >> reporter: arpaio says the meeting today was suddenly cancelled by school...
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Dec 10, 2012
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if enacted, it would make michigan the 24th state with right-to-work laws. recent strikes at a california shipping port are over, but concerns of outsourcing persist. last week, striking workers protested that their jobs were being outsourced. employers denied sending jobs abroad. however, there is evidence that some industries are ramping up outsourcing. consulting firm the hackett group estimates since 2002, 663,000 jobs from large u.s. companies have gone abroad, mainly from industries like information technology, human resources, finance and purchasing. by 2016, the firm says another 375,000 jobs will have gone to places such as india, china, mexico and the philippines. just one day after apple reveals it will manufacture some of its products in the u.s., foxconn says it may follow suit. foxconn, apple's primary manufacturer in china, says it is considering expanding its operations in the u.s., where it currently has two factories. foxconn has seen its image suffer of late following revelations that workers are subjected to poor working conditions and ma
if enacted, it would make michigan the 24th state with right-to-work laws. recent strikes at a california shipping port are over, but concerns of outsourcing persist. last week, striking workers protested that their jobs were being outsourced. employers denied sending jobs abroad. however, there is evidence that some industries are ramping up outsourcing. consulting firm the hackett group estimates since 2002, 663,000 jobs from large u.s. companies have gone abroad, mainly from industries like...
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i just served my mother-in-law yo chicken noodle soup but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind misn't she? [ male announcer ] progresso. you gotta taste this soup. you know how painful heartburn can be. for fast, long lasting relief, useoctor recommended gaviscon®. only gavisco® forms a protective barrier that helps block stomach acid from splashing up- relieving the pn quy. try fas long sting gaviscon®. now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care professionals who understand the difference that quality time with our members can make... that's a very nice cake! ohh! [ giggs ] [ male announcer ] humana thanks the physicns, nurses, hospitals, pharmacists and other health professionals who helped us achieve the highest average star rating among national medicare companies... and become the
i just served my mother-in-law yo chicken noodle soup but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind misn't she? [ male announcer ] progresso. you gotta taste this soup. you know how painful heartburn can be. for fast, long lasting relief, useoctor recommended gaviscon®. only gavisco® forms a protective barrier that helps block stomach acid from splashing...
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unemployment is always lower in those states that have right to work laws. we've done national surveys and it's true by about a full percentage point, is it not? >> right. well the top seven in regards to unemployment rates in the country are all right to work states. david: so, neighboring illinois, illinois is just across the lake from you. illinois is going pretty much in the opposite direction in terms of raising taxes and giving unions more power. do you think and are you actively trying to pursue businesses that are in illinois to draw them to michigan once this bill, once these bills are passed? >> part of the reason i'm on shows like this make sure we let everybody know that michigan is open for business. so if it is coming from illinois that would be great. frankly wherever we find businesses willing to invest in a state that's really making sure that we've got a provide jobs for our them to citizens, i don't care if they're coming from illinois, from california or from timbuktu. we like to get the jobs in the state of michigan. david: now recently
unemployment is always lower in those states that have right to work laws. we've done national surveys and it's true by about a full percentage point, is it not? >> right. well the top seven in regards to unemployment rates in the country are all right to work states. david: so, neighboring illinois, illinois is just across the lake from you. illinois is going pretty much in the opposite direction in terms of raising taxes and giving unions more power. do you think and are you actively...
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also the case with congress, they pass a law and the irs has to handle it. you can imagine it will start blowing the circuits at the irs on this thing. it is a tax on top of a tax. it is surtax. a brand new form taxpayers will be hit with. 159 pages of rules might be even higher than that. they're still deciding whether to slap this tax on rental income. that is now a big debate. david: i hadn't heard that. >> that would be a big news item if congress decides to do that. it is 159 pages of rules because it covers, stocks, bonds, derivatives, commodities, all sorts of trades. they will be not so tough to go to. it is pretty clear. but just one other thing you have to be aware of. while the irs is saying they won't hit you with penalties in obamacare for the new taxes but they can with hold your refund or ding your refund. that can be annoying. my guys at irs says they will have to digest obamacare. irs is having one to deal with. circuits will be blown at agency as this gradually comes online. 3.8% surtax on cap gains and dividends will be possibly more than
also the case with congress, they pass a law and the irs has to handle it. you can imagine it will start blowing the circuits at the irs on this thing. it is a tax on top of a tax. it is surtax. a brand new form taxpayers will be hit with. 159 pages of rules might be even higher than that. they're still deciding whether to slap this tax on rental income. that is now a big debate. david: i hadn't heard that. >> that would be a big news item if congress decides to do that. it is 159 pages...
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her husband, prince william, at her side, as her father-in-law, prince charles, with the roil accent, send his congratulations. thank you. >> very nice thought of grandfatherhood in my old age, if i may say so. i'm very glad she's feeling better. thank goodness. thank you very much. >> and also tonight, what about a clinton/obama rematch. not what you think. president bill clinton versus first lady michelle obama. both nominated for best spoken word album at this year's grammys. so, choose for yourself. here's mrs. obama's childhood memory, from her book about the white house garden. >> our apartment didn't have a dining room. so, we ate at the kitchen table. and unless my dad was working the evening shift at his job at the city water plant, we ate our meals together, as a family. >> and her opponent, president clinton, reading his book, "back to work." >> i earned my first money mowing lawns when i was 12. at 13, i worked at a small grocery store. >> so, it is game on for the two of them. >>> and speaking of game on, basketball powerhouse kobe bryant, way to go. the youngest player e
her husband, prince william, at her side, as her father-in-law, prince charles, with the roil accent, send his congratulations. thank you. >> very nice thought of grandfatherhood in my old age, if i may say so. i'm very glad she's feeling better. thank goodness. thank you very much. >> and also tonight, what about a clinton/obama rematch. not what you think. president bill clinton versus first lady michelle obama. both nominated for best spoken word album at this year's grammys. so,...
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the company missed a 30 day window to comply with the privacy laws on its flight delta at designed for use of smart bombs. this'll be the first legal test for the state's online privacy protection act. we will be right back unemployment dropped 7.7%. >> we have another quiet day in store for us. the view from golden gate bridge, waking up to cloudy in some areas. sunny skies expected, slightly warmer today than yesterday. mostly clear and cool in to the evening as well. low visibility to the north bay through livermore valley. we will track the fog and the upcoming forecast. >> we are contending with the back up on the approach to the bay bridge toll plaza. the nimitz freeway is probably your best approach. for the rest of the bay area we are still seeing easy conditions. no problem for the south bay, is bay is moving well. it is still a smooth and easy ride on 1 01 southbound. >> we have a video coming in this morning out of japan showing the earthquake. it had offshore but it was a 7.3 magnitude hitting at the same location as the 9.0 had two years ago because a tsunami that killed a
the company missed a 30 day window to comply with the privacy laws on its flight delta at designed for use of smart bombs. this'll be the first legal test for the state's online privacy protection act. we will be right back unemployment dropped 7.7%. >> we have another quiet day in store for us. the view from golden gate bridge, waking up to cloudy in some areas. sunny skies expected, slightly warmer today than yesterday. mostly clear and cool in to the evening as well. low visibility to...
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but all those plans could go up in smoke because of federal law. the justice department said it's studying the situation here in washington, but, scott, the feds have already warned residents of this state, under federal law all marijuana use remains illegal. >> pelley: plenty of room for confusion. thanks very much, john. a change may be coming in the treatment of depression. software tycoon john macphee goes to jail, and then the hospital. and the duchess of cambridge gets out of the hospital when the cbs evening news continues. . open enrollment ends friday, december 7th. so give unitedhealthcare a call today. consider a medicare advantage plan. it can combine doctor and hospital coverage with prescription drug coverage for as low as a zero dollar monthly premium. you only have until december 7th to enroll. call unitedhealthcare today. living with moderate to semeans living with pain.is it could also mean living with joint damage. help relieve the pain and stop the damage with humira, adalimumab. for many adults with moderate to severe ra, humir
but all those plans could go up in smoke because of federal law. the justice department said it's studying the situation here in washington, but, scott, the feds have already warned residents of this state, under federal law all marijuana use remains illegal. >> pelley: plenty of room for confusion. thanks very much, john. a change may be coming in the treatment of depression. software tycoon john macphee goes to jail, and then the hospital. and the duchess of cambridge gets out of the...
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cheryl: you are very clever and breaking the law. charlie: they do not believe you can do that without insider trading. this is a mindset that pervades each one of these of the sec enforcement chief to the fbi people working on the cases to the justice department. they match up returns of these various guys. they say look at roche, look at how he did this and look at steve cohen. they believe it is just mathematically impossible to beat the markets every year. since the inception, steve cohen has had one down year. that was 2008. he lost 19%. steve cohen when all cash. that was the year of the financial crisis. when these all the stuff coming, he probably just sold a lot of it. he saw it early. there were only a few people that's all it as early as he did. he probably took losses on his position. that is why he lost a lot of money. he has not lost since. he is up 10% this year. he believes that it cannot be ran like this. again, my view is and it has always been he kind of insulates i really do not believe that matthew mark, was the
cheryl: you are very clever and breaking the law. charlie: they do not believe you can do that without insider trading. this is a mindset that pervades each one of these of the sec enforcement chief to the fbi people working on the cases to the justice department. they match up returns of these various guys. they say look at roche, look at how he did this and look at steve cohen. they believe it is just mathematically impossible to beat the markets every year. since the inception, steve cohen...
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she was convicted for lying to law enforcement officials. she was not convicted on the charge of insider trading. >> good to clarify these things. absolutely. >>> on we go. some software companies that create smart phone applications might have violated the privacy of children. julia boorstein joins us now with the full story. this is kind of disturbing. >> yes, mandy. absolutely. i think all parents need to go home and take a second look at the apps that their kids are using on smart phones and tablets. the federal trade commission is investigating some mobile app makers over concerns that apps for kids track and store their information without a clear disclosure to parents. although the s.e.c. doesn't name names, it gives anonymous examples like a drawing app saying it raises surgecertain concerns. knowing what he or she is doing online. the current law says that apps must disclose data collection practices. the ftc found only 20% of the 400 apps it evaluated are really doing that. more than half of the apps transmitted children's data oft
she was convicted for lying to law enforcement officials. she was not convicted on the charge of insider trading. >> good to clarify these things. absolutely. >>> on we go. some software companies that create smart phone applications might have violated the privacy of children. julia boorstein joins us now with the full story. this is kind of disturbing. >> yes, mandy. absolutely. i think all parents need to go home and take a second look at the apps that their kids are...
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that behavior's driven by changes in the tax code that are existing law. he's counting on people not paying attention to that. it's the holidays, that's right. they are preparing for christmas, but they have to be worried # about the tax code. gerri: a tax revolt. you'll get more of the same if december 31st passing and nobody does anything. i think everybody's right up to here with what's going on, and you are so nice to talk to us about it. really appreciate it, congressman. >> well, the president has a mandate to raise taxes. i won election. i didn't run on raising taxes on anybody. i have a mandate as well. gerri: all right, thank you, and should congress and president stay in washington until the cliff is resolved? log on, vote, and i'll share the results at the end of the show. put them in a room, lock the door, throw away the key. it's a thought. with negotiations stalled, thous out of town, going over the cliff? let's did douglas holtz-eakin, the former cbo director. doug, the house is gone. they are on vacation. how did the people leave? we have t
that behavior's driven by changes in the tax code that are existing law. he's counting on people not paying attention to that. it's the holidays, that's right. they are preparing for christmas, but they have to be worried # about the tax code. gerri: a tax revolt. you'll get more of the same if december 31st passing and nobody does anything. i think everybody's right up to here with what's going on, and you are so nice to talk to us about it. really appreciate it, congressman. >> well,...
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. >> it still continues to defy all laws and people when they sit in front of their computers, smartphones, it's increasing. you sit there, shop, monetize mobile. that's the key, you want to be a buyer of that. i'd rather buy amazon than any of the other retail names. >> really? >> yes. before you fast fire me next week. >>> next on "fast," is the u.s. on the verge of a nat gas revolution? why the impact on prices may not be what you think. more "fast" straight ahead. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use. it's the ultimate combination of speed, small size, and low-cost printing. when we got married. i had three kids. and she became the full time mother of three. it was soccer, and ballet, and cheerleading, and baseball. those years were crazy. so, as we go into this next phase, you know, a big part of it for us is that there isn't anything on the schedule. >>> welcome back to "fast m
. >> it still continues to defy all laws and people when they sit in front of their computers, smartphones, it's increasing. you sit there, shop, monetize mobile. that's the key, you want to be a buyer of that. i'd rather buy amazon than any of the other retail names. >> really? >> yes. before you fast fire me next week. >>> next on "fast," is the u.s. on the verge of a nat gas revolution? why the impact on prices may not be what you think. more...
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Dec 4, 2012
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tax law makes it very difficult to bring the money back in. they've already made the money selling their products and service around the world. so it's much cheaper with low interest rates the way they are to borrow the money and pay the dividends to the shareholders. the tax code actually just represents a very inefficient methodology of transferring the profits to the shareholders as well as influencing where companies are likely to be looking for future profits around the world. >> they've talked in washington periodically about a moratorium on allowing corporations to repatriate some of that money without a tax a consequence. that would help to some degree, wouldn't it? >> absolutely. that would be a very fabulous thing to do. the companies have already made the money, it's real money, it's profits they've made selling their products and services around the world, and it's going to sit there to be used to build profits with potential growth opportunities there versus here because of the tax code. they make it very unaffordable to bring it
tax law makes it very difficult to bring the money back in. they've already made the money selling their products and service around the world. so it's much cheaper with low interest rates the way they are to borrow the money and pay the dividends to the shareholders. the tax code actually just represents a very inefficient methodology of transferring the profits to the shareholders as well as influencing where companies are likely to be looking for future profits around the world. >>...
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. >> and a pop for pot, the new marijuana laws take effect today, the law hashed out last month, get it, ha, ha, says it's no longer illegal to possess up to an ounce of cannabis, although the law forbids smoking in public crowds gathered at the space needle to toke up this morning. the phrase the dude abides take it inside is floating around the web. haven't heard that one. >> i don't know what that means. >>> coming up on "halftime" is washington prepared to take us over the cliff? we're live to lay out the odds of a deal actually getting done and it's hard to sell the winners and buy the losers. our traders tell you exactly how to play two stocks hitting new highs and new lows. "hold 'em or fold 'em" coming up next. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-8
. >> and a pop for pot, the new marijuana laws take effect today, the law hashed out last month, get it, ha, ha, says it's no longer illegal to possess up to an ounce of cannabis, although the law forbids smoking in public crowds gathered at the space needle to toke up this morning. the phrase the dude abides take it inside is floating around the web. haven't heard that one. >> i don't know what that means. >>> coming up on "halftime" is washington prepared to...
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Dec 10, 2012
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FBC
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first off, the new right to work rules will become law tomorrow. the unions are absolutely furious out protesting yesterday and big demonstrations still to come. listen to this. >> and tuesday, they're going to try to reconcile the bill and the governor who said he didn't want the legislation now all of a sudden says he's going to sign it. it's an attack on working families. whoa, an attack on working families? i'll have my take on those exact words and what they mean in the next hour. meanwhile, president obama will visit a chrysler plant just outside detroit today. remember, a city council woman last week said the city deserves a federal bailout because the city helped reelect the president. >> after the election of jimmy carter, the honorable coleman alexander young, he went to washington d.c., and came back home with some bacon. stuart: well, you heard the rest from there. the lady goes on to say it's a quid pro quo give us the monny because we voted for you. the question, will the president offer any hint of a bailout, bailout help for deeroit
first off, the new right to work rules will become law tomorrow. the unions are absolutely furious out protesting yesterday and big demonstrations still to come. listen to this. >> and tuesday, they're going to try to reconcile the bill and the governor who said he didn't want the legislation now all of a sudden says he's going to sign it. it's an attack on working families. whoa, an attack on working families? i'll have my take on those exact words and what they mean in the next hour....
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a professor at columbia law school believes hasting committed what he called a technical foot fault using his facebook page to trumpet netflix surpassing a monthly milestone of a million hours of viewing. it prompted the sec to ask if this was material information, information typically released through the sec to reach a broad audience. hastings maintains it wasn't material in any way disclosing it to his more than 200,000 facebook friends. but attorneys disagree. professor coffey noted facebook is mostly used by younger generations. also, hastings friends are his, not the companies. still, it's a fact more ceos are opting to use new, rather than traditional media to get the word out. so is experts say firms need rules in place on how to use social media and more important what to disclose on it. johnson also points occupant the sec needs to get on board an well and provide guidelines on how to use social media. >> all right, mary. thank you. let's talk to harvey pitt about this. he ran the sec from 2001 to 2003. does he think netflix broke the rules? he joins us now. good to see you. we
a professor at columbia law school believes hasting committed what he called a technical foot fault using his facebook page to trumpet netflix surpassing a monthly milestone of a million hours of viewing. it prompted the sec to ask if this was material information, information typically released through the sec to reach a broad audience. hastings maintains it wasn't material in any way disclosing it to his more than 200,000 facebook friends. but attorneys disagree. professor coffey noted...
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look at the minimum wage laws from the country. is impossible for employers to hire young people and minorities. the minimum wage law has lots of good intentions but the good intentions don't necessarily translate to good public policy. young people can't find internships or get resources they need to succeed in the job market. stuart: you are making a lot of sense but i ask you this. to you think you could get elected to any office in the united states of america today if you said we're going to lower the minimum wage or abolish it and do away with saying your parent's health-care insurance into your 26 and do away with unemployment insurance and do away with the earned income tax credit. could you get elected? >> it is not always about what is electrolyte favorable but i will tell you this. a way not to get elected is talk about only social issues. we have a real fiscal conversation in this country and not do what pecan and murdoch didn't talk about free market ideals and morality of capitalism we will see people understand we're
look at the minimum wage laws from the country. is impossible for employers to hire young people and minorities. the minimum wage law has lots of good intentions but the good intentions don't necessarily translate to good public policy. young people can't find internships or get resources they need to succeed in the job market. stuart: you are making a lot of sense but i ask you this. to you think you could get elected to any office in the united states of america today if you said we're going...
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. >> so law enforcement never got involved? >> right. it was one of those, they are across the street. look what happens at the jeep plant. that's why it is such a high profile story. >> wow. phil, thank you. >>> to facebook now. stock continuing to build on its recent rally. up to $27.94. the social media giant making an unfriendly move to hold on toity traffic. facebook about 45% in the last month. we just told you the trading level. so julia, what this means for users and investors alike, hi, julia. >> hi, sue. instagram and twitter are breaking up. facebook which owns instagram is not letting people upload photos to twitter. it is driving people back it instagram owned by facebook where they can post ads and make money. as facebook focus shifts from acquisition of users, the wall garden approach will become necessary. i think it'll work for them. apple ios is a good example of a wall-guarded approach. facebook is cracking down on game developers with two new policies to prevent them from luring traffic away and lending to the social
. >> so law enforcement never got involved? >> right. it was one of those, they are across the street. look what happens at the jeep plant. that's why it is such a high profile story. >> wow. phil, thank you. >>> to facebook now. stock continuing to build on its recent rally. up to $27.94. the social media giant making an unfriendly move to hold on toity traffic. facebook about 45% in the last month. we just told you the trading level. so julia, what this means for...
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federal law signed into law by president clinton in 1996. it says if a person is legally married in a state, the federal government can't recognize those marriages. that's where you talked about federal benefits heterosexual couples get and same sex couples do not. the prop 8 thing is bigger. while potentially it's confined to the state of california only, the question it out there having given the right to gay marriage could the state then take it away through proposition 8 passed by a majority of the vote nurse 2008. having taken that case, the court could get to the bedrock issue. can any state refuse to let same sex couples get married under the federal constitution. it could potentially be narrow or very far. >> pete, as i understand it, let me ask you. this one of these things, maybe the driving one, is defense of marriage act was about paying the estate act. where one of the two people said she didn't have to pay the estate tax because a married couple wouldn't have to. >> reporter: this is a case from new york. a woman named edie win
federal law signed into law by president clinton in 1996. it says if a person is legally married in a state, the federal government can't recognize those marriages. that's where you talked about federal benefits heterosexual couples get and same sex couples do not. the prop 8 thing is bigger. while potentially it's confined to the state of california only, the question it out there having given the right to gay marriage could the state then take it away through proposition 8 passed by a...
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Dec 6, 2012
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zynga has been lobbying for congress to change the law. texas's "hold 'em poker" has a million monthly users but it will be a long road to turn all of those people or even some of those people in paying gamblers. >> a long road with hurdles like you noticed, the biggest one to get congress to approval legalized online poker or other forms of gambling. but there's been movement for that. you talk to zynga insiders all the time. is this something people think could actually happen? >> well, brian, the fact that the stock has jumped so much today definitely shows that people think there is a possibility. one thing that a number of analysts have pointed out to me is that if zynga can make it happen, it becomes legal, then there could be another wrinkle which is the fact that all of the regular casinos like caesar's will also get into this busy. there is no guaranteed success but zynga does need something because it is getting increasingly hard for them to get people to pay for virtual goods and gambling is obviously something people will pay f
zynga has been lobbying for congress to change the law. texas's "hold 'em poker" has a million monthly users but it will be a long road to turn all of those people or even some of those people in paying gamblers. >> a long road with hurdles like you noticed, the biggest one to get congress to approval legalized online poker or other forms of gambling. but there's been movement for that. you talk to zynga insiders all the time. is this something people think could actually...
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now, the law does allow you to make repairs and then deduct the cost from your rent. but that could be risky because landlords can then sue you for nonpayment. tonight they say they have reached a, quote, satisfactory resolution with way point. and way point says it's implementing changes to improve communications with tenants. remember, if you have a consumer problem, shoot us an email. or give us a call at watch watch. >> thank you. -- give us a call at 1-888-5- helps-u. >>> what's your name? >> julia. >> did you see clause? >> yes. >> what did you tell him you wanted for christmas? >> i asked santa claus for a book. >> i'm roberta gonzales with mobile weather still straight ahead. >> good news. roberta, julia and all of us are going to stay dry because cbs 5 hi-def doppler has nothing on it. find out how long it's going to stay that way in my extended forecast coming up. >> i will bet you can guess which baseball manager was the hottest guy in his high school class. i'm dennis o'donnell. brad pitt has nothing to worry about. this is an act you don't want to miss co
now, the law does allow you to make repairs and then deduct the cost from your rent. but that could be risky because landlords can then sue you for nonpayment. tonight they say they have reached a, quote, satisfactory resolution with way point. and way point says it's implementing changes to improve communications with tenants. remember, if you have a consumer problem, shoot us an email. or give us a call at watch watch. >> thank you. -- give us a call at 1-888-5- helps-u. >>>...
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they have a habit of persuading, not using the force of law, not using a subpoena. persuading telecoms to give them access to their information about us. it is interesting. about six months before he resigned, general petraeus gave the private speech and the transcript was leaked to a group of telecom executives saying we will soon know whatever what is doing in the house whenever we want to know. he apparently knew more about it than he wanted. connell: i am picturing -- >> verizon claims we will like this. who wants big brother in the living room? dagen: ultimately, down the road, what is your option? >> you could tell them to go take a hike. you could do that by saying, no, i do not want your equipment in my house. dagen: if you are a suspicious person, do you trust the box in your house. you could say to verizon, i will go to another provider, if you live in an area where you have another choice. i live in new york city so i have a lot of other choices. dagen: google is working on something. dagen: that was like four years ago. when a private entity does it, we
they have a habit of persuading, not using the force of law, not using a subpoena. persuading telecoms to give them access to their information about us. it is interesting. about six months before he resigned, general petraeus gave the private speech and the transcript was leaked to a group of telecom executives saying we will soon know whatever what is doing in the house whenever we want to know. he apparently knew more about it than he wanted. connell: i am picturing -- >> verizon...
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liz: high profile banking analyst dick bovey is a wanted man, not by the law, but by a bunch of firms who are dying to hire this guy after his old firm blew up over a bad trade. charlie gasparino has the latest. >> yeah. there's one guy at rock dale was a wanted man by the fbi -- liz: the dude who ran the bad trade. >> he was arrested two days ago for trading unauthorized a billion dollars' worth of apple stock and, essentially, losing money and imploding the firm. the firm is shut down until they get new capital. since that time, dick boy say's future, he's kind of in purgatory, right? i tell you, the guy who runs rock dale thinks he's going to get financing, and bove told him he's going to stay if he gets financing. sources telling fox business network that bove, one of the guys that were key talking heads during the financial crisis, you got a lot of information from him when things were getting bad back in 2007, 2008 and 2009. now he's up for sale, so to speak. five offers, i heard. now, these are legitimate powerfuls. he pared down, from what i said, 17 offers. liz: when you're g
liz: high profile banking analyst dick bovey is a wanted man, not by the law, but by a bunch of firms who are dying to hire this guy after his old firm blew up over a bad trade. charlie gasparino has the latest. >> yeah. there's one guy at rock dale was a wanted man by the fbi -- liz: the dude who ran the bad trade. >> he was arrested two days ago for trading unauthorized a billion dollars' worth of apple stock and, essentially, losing money and imploding the firm. the firm is shut...
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health care law. based on this test they decided not to change any of their full-time staffing plans for 2014. stocks are slightly lower, don't forget they had terrible numbers, too. >> but they say it was based on their tests. >> right. stuart: some people say they're backing off because they got bad publicity when they started talking about putting people on part-time work instead of full-time because of obamacare. >> you know what? some people would say that, stuart. stuart: charles said that, maybe he's right. and thank you, nicole. we're dead flat. down 1.69. let's not forget about the phantom pigs. zynga makers of farmville, may not be making enough money off the phantom pigs to keep investors happy. there's a reason to be optimistic, look at the stock, it's up this morning, after news that zynga is trying to get a gaming license out of nevada, that's where the real money is for zynga. it's hoping that a flood of proposed gambling regulations would open up an on-line market. and shares are down
health care law. based on this test they decided not to change any of their full-time staffing plans for 2014. stocks are slightly lower, don't forget they had terrible numbers, too. >> but they say it was based on their tests. >> right. stuart: some people say they're backing off because they got bad publicity when they started talking about putting people on part-time work instead of full-time because of obamacare. >> you know what? some people would say that, stuart....
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thank you very much. >>> marijuana is now legal under washington state law. that tops our look at stories around the "news nation." take a look. that's how they celebrated in washington state. the news came down after midnight as you know at the seattle center. it allows people to possess up to an ounce of pot, but they cannot smoke it in public. that looks like public to me. the police department will issue verbal warnings to violators. that explains the public video. lawyers for software company founder john mcafee sought guatemala denied his asylum. they detained him for entering the country illegally. he's wanted for questioning in connection with the murder of his neighbor. he denies any involvement and will likely be deported. the duchess of cambridge is resting at home this morning. she left the hospital where she was treated for severe morning sickness. today prince charles made his first public comments since the news broke that she's going to have a baby. >> i'm thrilled. very nice for grandfatherhood in my old age, so that's splendid. i'm very glad
thank you very much. >>> marijuana is now legal under washington state law. that tops our look at stories around the "news nation." take a look. that's how they celebrated in washington state. the news came down after midnight as you know at the seattle center. it allows people to possess up to an ounce of pot, but they cannot smoke it in public. that looks like public to me. the police department will issue verbal warnings to violators. that explains the public video....
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really have a case against him or do the laws need to change with regard to social media? >>> and could pot help us solve our fiscal problems? guys, we are calling this the fiscal splif and we will rise above it, mon. "street signs" it is australian for business news. >> thanks, brian. see you at 2:00 p.m. >>> steve case is one of america's greatest entrepreneurs, best known as co-founder of america online, along with dozens of other investments such as living social and zip car and really too many to name. these days mr. case, together with scott case, no relation can be head up start-up america partnership to fuel entrepreneurship outside of silicon valley. and case squared, if you will, joins us now at cowboy stadium in arlington, texas where they are hosting a start-up event. i want to get to start-up texas in just a few minutes but steve, if i could start with you, talk to us about the entrepreneurial environment right now in america. we hear two things. one, we hear that when the economy is not doing all that well, it's the best time ever to try and start something n
really have a case against him or do the laws need to change with regard to social media? >>> and could pot help us solve our fiscal problems? guys, we are calling this the fiscal splif and we will rise above it, mon. "street signs" it is australian for business news. >> thanks, brian. see you at 2:00 p.m. >>> steve case is one of america's greatest entrepreneurs, best known as co-founder of america online, along with dozens of other investments such as living...
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it is an issue of economics, the law of supply and demand. but boy, i was back here in mid- november, when the season started. this place was alive with enthusiasm and now this strike has all boats docked. no crab are being caught in the san francisco bay as we speak. before the season started, fishermen and wholesalers had agreed to a price of $3 a pound for fresh dungeness crab, a little higher than normal. last year it was $2.25. fishermen said they needed more money because there were fewer crabs in the bay and the higher price of fuel. fish brokers say demand is down so they only want to pay $1.80. now that both are idle supply is down and caught in the middle of all this people who like to eat dungeness crab. some retailers say their tanks are empty. it's the law of economics so i think it will balance out. i don't know how long that will take. it's san francisco bay that is participating in the strike as well as half moon bay and bodega bay. live on fisherman's wharf anne makovec, cbs 5. >>> new this morning, duchess of cambridge is re
it is an issue of economics, the law of supply and demand. but boy, i was back here in mid- november, when the season started. this place was alive with enthusiasm and now this strike has all boats docked. no crab are being caught in the san francisco bay as we speak. before the season started, fishermen and wholesalers had agreed to a price of $3 a pound for fresh dungeness crab, a little higher than normal. last year it was $2.25. fishermen said they needed more money because there were fewer...
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, and i don't have a problem with "lunatic" being used in the federal law. and apparently i was the only one here on the floor that didn't have a problem with using the term "lunatic." >> louie gohmert was the only no vote on a bill to strike the word "lunatic" from federal laws. gohmert went on to say the word "lunatic" is needed to describe those who contribute to our national debt. >> we want to eliminate the word "lunatic" from the federal code? that's lunacy. to think you can keep spending over $1 trillion more than you bring in. >> he's the gift that just keeps on giving this holiday season. he says it's lunacy to spend more than you bring in. let's take a look at a few of louie gohmert's votes contributing to our debt. he voted to extend the bush tax cuts. he voted for the war in iraq. not once, but a number of times. he voted for reduced rates on capital gains taxes. he voted to keep subsidies for oil and gas companies. that's a big one. but the best part of louie gohmert's crusade to protect the word "lunatic" is this -- >> this administration sent
, and i don't have a problem with "lunatic" being used in the federal law. and apparently i was the only one here on the floor that didn't have a problem with using the term "lunatic." >> louie gohmert was the only no vote on a bill to strike the word "lunatic" from federal laws. gohmert went on to say the word "lunatic" is needed to describe those who contribute to our national debt. >> we want to eliminate the word "lunatic" from...
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any state with the law gets a subsidy, and they could collect up a half billion dollars if the fine is up. right now, it's $124 for violation. finally, the las vegas sands treated 40 wounded veterans and theer families to a three-day holiday vacation. the chairman is giving them the private plane to fly them into vegas. there's rooms, a cook out from omaha steaks, and tickets to the tim hill and faith concert. dennis: there's nothing like waking up to the smell of bacon in the morning, and, now, thanks to the next guest, carry that smell all day op your face. cheryl: the co-founder of jad foods and maker of bacon shaving cream and other bacon themed products. shaving cream is the novelty, once a year, look what we made? >> smells great, probably taste great. you shouldn't eat it. that should be on the warning label. @%nnis: don't you think you'll be sued by someone who fries to eat it? >> more likely to be eaten by bears. dennis: i'd say you're wrong about that. cheryl: a lot of successful products about that. the bacon salt, i mean, are we in love with bacon? >> we're a bacon nation.
any state with the law gets a subsidy, and they could collect up a half billion dollars if the fine is up. right now, it's $124 for violation. finally, the las vegas sands treated 40 wounded veterans and theer families to a three-day holiday vacation. the chairman is giving them the private plane to fly them into vegas. there's rooms, a cook out from omaha steaks, and tickets to the tim hill and faith concert. dennis: there's nothing like waking up to the smell of bacon in the morning, and,...
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forbids lighting up in public the law only allows people to smoke in the privacy of their homes. >>> traffic and weather together, next on the abc7 morning news. big day raiders day here, you want to know about game time weather, meteorologist mike nicco will have the full forecast. golden gate bridge unlike yesterday, dry. a little mist. we'll check in with sue to see how that is affecting traffic. >>> peyton manning brings his broncos to town for raiders day let's hope it turns out better than this for palmer and the silver and black. we'll be right back. good morning! wow. want to start the day with something heart healthy and delicious? you're a talking bee... honey nut cheerios has whole grain oats that can help lower cholesterol. and it tastes good? sure does! right... ♪ wow. delicious, right? yeah. it's the honey, it makes it taste so... ♪ well, would you look at the time... what's the rush? be happy. be healthy. >>> welcome back. are you ready for a rain-free commute? here's a look at live doppler, nothing going on just mist in the air, fog, by the afternoon low to mid 60
forbids lighting up in public the law only allows people to smoke in the privacy of their homes. >>> traffic and weather together, next on the abc7 morning news. big day raiders day here, you want to know about game time weather, meteorologist mike nicco will have the full forecast. golden gate bridge unlike yesterday, dry. a little mist. we'll check in with sue to see how that is affecting traffic. >>> peyton manning brings his broncos to town for raiders day let's hope it...
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Dec 3, 2012
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i think you can get a relief rally if they do change the law. and more over all the the other things that are compelling about them, whether low payout ratios or compelling yield versus the bond market or in fact the most cynical but appropriate reason could be management teams are paying themselves more and more in restricted stock units than options and that is probably for better dividend growth. >> adam, great to have you on the show. welcome you back sometime soon i hope. >> have a great week. >> adam parker from morgan stanley. let's talk among ourselves for a second. he puts out this provocative piece of research. a small number of stocks have driven the overwhelming amount of earnings growth. >> scott, 88% of all the earnings growth in 2012, according to their research, comes from ten stocks. of those ten, about half of them are credible currently or previous bailed out poster stocks like aig. it's historic when you look at that versus the rest of the economy. the answer is thank god for apple, number one. and number two, we all have to
i think you can get a relief rally if they do change the law. and more over all the the other things that are compelling about them, whether low payout ratios or compelling yield versus the bond market or in fact the most cynical but appropriate reason could be management teams are paying themselves more and more in restricted stock units than options and that is probably for better dividend growth. >> adam, great to have you on the show. welcome you back sometime soon i hope. >>...
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he maybe it would not have done it if it was not for that. >> the emergency managers law. connell: the idea that he is in support of it. [talking over each other] connell: is the union movement, you know, is it over, is the tide turning? >> first of all, the second biggest organizing drive in the u.s. history, yes, you are right. today, even with the decline in unionization, it is about 13, 14%, which is about double the national average. yes, it is. this is not, for instance, and southern states, where you have the right to work and you do not have unions anyway. dagen: does it have a wider impact, does it continue to spread? >> well -- dagen: this is the 24th state. >> it will never happen in new york or a place like new jersey. they do not have the legislatures that will pass this. let's be realistic about it. all you have to do is look at a map of america and you would understand that. there are limits as to how far it will spread. we have a really historic battle among the states. it is a battle over tax rates. for all of this talk about tax increases, you have places
he maybe it would not have done it if it was not for that. >> the emergency managers law. connell: the idea that he is in support of it. [talking over each other] connell: is the union movement, you know, is it over, is the tide turning? >> first of all, the second biggest organizing drive in the u.s. history, yes, you are right. today, even with the decline in unionization, it is about 13, 14%, which is about double the national average. yes, it is. this is not, for instance, and...
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says they have always paid taxes to the letter of the law. but will make additional payments in 2013 and 2014 despite the fact that the u.k. unit is not yet profitable. : amazon also have been targeted as not paying their fair share in england. >> we will have more on the weather and traffic and more on the sunshine later this afternoon. combat is 5:14. >> reservoir is that as local reservoirs and a much- needed increase in water levels as a last week end storms. >> reservoir is in santa clara and gross unethically with rainfall, the levels are still not exactly where the need to be. >> since last wednesday the santa clara valley water district said average storage in their reservoirs and attend reservoirs' and chrism 74 to 91 percent of where they should be. that is an increase of nearly 4 billion gal. of water. and over in the east bay, what reservoirs' levels increased about 3%. east bay mud says all their reservoirs are now at 85 percent capacity as far as the water supply that means they are in good shape. if there are more stars than th
says they have always paid taxes to the letter of the law. but will make additional payments in 2013 and 2014 despite the fact that the u.k. unit is not yet profitable. : amazon also have been targeted as not paying their fair share in england. >> we will have more on the weather and traffic and more on the sunshine later this afternoon. combat is 5:14. >> reservoir is that as local reservoirs and a much- needed increase in water levels as a last week end storms. >> reservoir...
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when prime minister mario monti surprisingly resigned, which still hinges on the passage of a budget law before the end of the year. at the same time, very controversial former prime minister silvio berlusconi also said he is run fog are the prime minister post again. so this is got markets extremely wore rid. here's why. because markets are concerned that the new government would be elected on february 24th, that this new government will not be implementing the austerity measures that mr. monti has implemented over the last couple months. but is this concern actually warranted? well, if you speak to a number of analysts, well they'll say, no, because if you look at the opinion polls you'll see that the party which will most likely win, that's the democratic party. and he said, or the leader said, look, we're going to stick to the austerity measures that were implemented by monti. >> carolyn roth for us in rome tonight. coming up, jcpenney ringing up discounts. what this dramatic change in pricing strategy spells out for its ceo ron johnson and his future. and of course, the stock, we'll
when prime minister mario monti surprisingly resigned, which still hinges on the passage of a budget law before the end of the year. at the same time, very controversial former prime minister silvio berlusconi also said he is run fog are the prime minister post again. so this is got markets extremely wore rid. here's why. because markets are concerned that the new government would be elected on february 24th, that this new government will not be implementing the austerity measures that mr....
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marijuana remains illegal under federal law. for cbs "this morning," john blackstone, seattle. >>> times are changing. >> what the justice department is going to do because it's still a federal crime. now marijuana is legal for recreational use in washington and colorado state. >> it will be interesting to see how many other states now put it on for a vote. >> exactly. >>> time to show you some of this morning's headlines according to the "new york times" british researchers say patients make using a powerful breast cancer drug should take it twice at long finding patients who took tamoxifen for ten years instead of five can dramatically reduce the chances of having their cancer come back. until now doctors told patients not to use the drug for more than five years, because it was not worth it. >> and the "wall street journal" says apple stock fell 6% on wednesday, and some an legitimates predict it will keep falling based on the company's short and long-term outlook. apple shares hit record highness mid-september then fell 25%
marijuana remains illegal under federal law. for cbs "this morning," john blackstone, seattle. >>> times are changing. >> what the justice department is going to do because it's still a federal crime. now marijuana is legal for recreational use in washington and colorado state. >> it will be interesting to see how many other states now put it on for a vote. >> exactly. >>> time to show you some of this morning's headlines according to the "new...
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we need to change the laws. we need to eliminate the 2nd amendment. because one guy puts nine bullets into his wife, we need to change the laws for 300 million people. he did this. there's is a lack of -- the great issue, not just in the united states, but in the western world, is the urge to dodge personal responsibility. this guy is the beneficiary of one of the wealthiest most successful societies on earth. you should be responsible for your healthcare, and you should also be responsible if you go bananas and kill your wife, that's on your shoulders too. stuart: but you can't win an election telling the world, telling your country, your voters that you've got to be responsible for yourself, for your healthcare, take responsibility. we're going to cut this. you can't get elected in america these days. >> and this is the great issue. a book was written in 1908, the author said if you have big government, you basically end up with a nation of children. he wrote this, and that's essentially what we have now, a nation of adolescents where you're no long
we need to change the laws. we need to eliminate the 2nd amendment. because one guy puts nine bullets into his wife, we need to change the laws for 300 million people. he did this. there's is a lack of -- the great issue, not just in the united states, but in the western world, is the urge to dodge personal responsibility. this guy is the beneficiary of one of the wealthiest most successful societies on earth. you should be responsible for your healthcare, and you should also be responsible if...
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over the next few weeks, we're expecting the budget stability law to be passed. neither of the political parties will want to be blamed for bringing down the stability of italy, so they will pass that over the next week. once that is passed, mr. mon at the said he would step down. that will happen likely around new year's. and then the president will have to dissolve the parliament and between 45 and 70 days after the parliament is dissolved, new elections will take place and that probably takes us to february 2014. and, kelly, that is two months before the actual election day should have taken place previously. now, that's two months earlier. we knew that mr. monti, the technocrat prime minister was going to step down. his days were numbered, anyway. so this is just a change of the time frame. it's not a huge surprises in itself. the only surprise is the timing. markets are selling down somewhat this morning. banking stocks. but some of the economists we talked to here, they say, yes, we may see some volatility in the short-term, specifically over the next two m
over the next few weeks, we're expecting the budget stability law to be passed. neither of the political parties will want to be blamed for bringing down the stability of italy, so they will pass that over the next week. once that is passed, mr. mon at the said he would step down. that will happen likely around new year's. and then the president will have to dissolve the parliament and between 45 and 70 days after the parliament is dissolved, new elections will take place and that probably...
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of marijuana remains illegal under federal law. what if -- we don't know yet. that is evolving story. but what if the feds go from wagging their fingers over this to a full-blown crackdown? talking about investing millions in a business. would you be prepared for that? >> well, it's a fascinating dynamic. you're absolutely right. today, there's 18 states including the district of clul yeah that offer some form of medical marijuana or in washington and colorado's case, legalization regulated like alcohol. there's been an incredible groundswell. today in new jersey, opening a first medical marijuana center. >> but the feds could come to you saying, shut it down, this is illegal. would you be ready for that? >> absolutely. no one is prepared for the federal government knocking on their door but in 100% compliance with the state and partner ensuring that we're 100% compliant and follow the rules and regulations and thousands of businesses here in the state of colorado that do the same. >> tripp keber, thank you for joining me. what a s
of marijuana remains illegal under federal law. what if -- we don't know yet. that is evolving story. but what if the feds go from wagging their fingers over this to a full-blown crackdown? talking about investing millions in a business. would you be prepared for that? >> well, it's a fascinating dynamic. you're absolutely right. today, there's 18 states including the district of clul yeah that offer some form of medical marijuana or in washington and colorado's case, legalization...